Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Aban Analysis : Reader’s Request

August 1, 2009 33 sec read

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Stock is still in uptrend with immediate resistance near 1180-1200 zone.Immediate Breakout could target 1800 in medium term. However failure will once again could take back to 728 zone once again.21 day Twiggs money flow indicator above zero shows a buying pressure in this stock. Reversal will

happen if the trend line drawn in Twiggs money flow indicator breaks and dips below negative. Stock will be completely out of its bearishness only if crosses above 1200 zone.

Note: Gann Resistance varies with respect to time and the time being resistance is around 1200 and

will decrease along with the slope line and also with respect to time if 1200 is not taken out on upper side

Aban Hourly Futures

Aban Hourly Futures Charts indicates a fresh short term breakout possibly this could takes near 1180-1200 zone in near term with supports around 1010-1020 region.